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Galichina misses coupon payments on Series A and C bonds

February 15, 2010 Ukrainian News (translated by Cbonds)

Galichina has stopped coupon payments on Series A and C bonds recently, according to BM Bank, one of the company’s bondholders. The issuer partially redeemed Series A and C bonds early in 2009. The remaining part of bonds was restructured. After that the company didn’t make payments on schedule finally practically ceasing all payments, according to BM Bank cited by Ukrainian news. The bank filed a claim against the issuer regarding missed coupon payments.

Issue — Galichina, 1-A